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CPAC doesn’t see undue influence on its operations if Rogers-Shaw merger approved, giving incumbent majority shares

News | 11/23/2021 2:42 pm EST
CPAC board member Jim Deane speaks on Nov. 23 at the CRTC's hearing into Rogers' merger with Shaw Communications Inc. (screenshot CPAC)

Cable Public Affairs Channel Inc. (CPAC) is bringing forward an amendment at its annual general meeting that a majority of shareholders are required to approve any shareholder matter, including the appointment of auditors,  in the “interest of equity and fairness at the board level” if the merger between Rogers Communications Inc. and Shaw Communications Inc. is approved. It also told the commission that it would prefer if the two companies consolidate their shareholdings in CPAC at the close of the transaction, if approved.

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